Groupon (GRPN) Tops Q3 EPS by 3c, Q4 Guidance Misses; Groupon Board Names Rich Williams CEO

Groupon (NASDAQ: GRPN) reported Q3 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $713.6 million versus the consensus estimate of $732.74 million.

Groupon sees Q4 2015 EPS of ($0.01)-$0.01, versus the consensus of $0.07. Groupon sees Q4 2015 revenue of $815-865 million, versus the consensus of $956.83 million.

Groupon, Inc. (NASDAQ: GRPN) announced today that its Board of Directors has appointed Rich Williams as Chief Executive Officer and member of the Board of Directors, effective immediately. Williams succeeds Eric Lefkofsky, Groupon’s co-founder, who has been Groupon’s CEO since August 2013. Lefkofsky will return to the role of Chairman of the Board, also effective immediately.

For earnings history and earnings-related data on Groupon (GRPN) click here.

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